We wish to inform you that we are in receipt of enclosed Letter of offer issued by Vivro Financial Services Private Limited in relation to the Open Offer to the Public Shareholders of Shree ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shree Pacetronix Limited has received a Letter of Offer for a mandatory open offer triggered under SEBI Takeover Regulations. The offer is by Akash Sethi (Acquirer) along with three persons acting in concert (Atul Kumar Sethi, Amita Sethi, and Ashish Sethi), who are already the existing promoters of the company. The offer is to acquire up to 9,75,000 equity shares (26% of expanded share capital) from public shareholders at Rs. 100 per share, totaling Rs. 9.75 crore. The open offer follows a preferential allotment of 75,150 equity shares and 2,25,450 convertible warrants at Rs. 81 per share to the Acquirer. The tendering period runs from October 31, 2025 to November 14, 2025.
This is a mandatory open offer from existing promoters consolidating their stake, not a new external acquirer. Post-transaction, the promoter group's holding will rise from 24.25% to 30.09%, and up to 55.09% if the open offer is fully accepted. Public shareholders get an exit opportunity at Rs. 100 per share and may evaluate if this is fair versus market price.